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646 (+/-) SF Office/Retail Suite Downtown 54 E Franklin St 646 SF of Retail Space Available in Hagerstown, MD 21740
Highlights
- Located in the heart of downtown.
- The property is equipped with a security system.
- The property was renovated in 2019.
- Convenient street parking is available.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 646 SF | Negotiable | $20.69 CAD/SF/YR $1.72 CAD/SF/MO $13,368 CAD/YR $1,114 CAD/MO | Modified Gross |
1st Floor
The suite features an open layout with flexible workspace configuration, a restroom, storage closet, and direct entrance access. The interior arrangement can accommodate a variety of professional, administrative, or customer-facing business operations.
- Listed rate may not include certain utilities, building services and property expenses
- Private Restrooms
- Security System
- Drop Ceilings
- Private Restrooms
- Hardwood Floors
- Display Window
- Open-Plan
- Renovated in 2019
- Features modern updates
- Equipped with a security system
- Modified Gross lease structure
- Ideal for professional or retail uses
- Move-in-ready opportunity
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 646 SF | Gross Leasable Area | 5,181 SF |
| Property Type | Retail | Year Built/Renovated | 1900/2019 |
| Property Subtype | Storefront Retail/Office | Parking Ratio | 0.77/1,000 SF |
| Total Space Available | 646 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 5,181 SF |
| Year Built/Renovated | 1900/2019 |
| Parking Ratio | 0.77/1,000 SF |
About the Property
54 E Franklin Street is an office/retail property located in downtown Hagerstown, Maryland. The property was renovated in 2019. The space includes an open floor plan, restroom, closet, security system, street parking access, and municipal water, sewer, trash, and electric services. The property is located within Hagerstown city limits and is situated within the downtown business district.
- Security System
- Air Conditioning
Nearby Major Retailers
Contacts
-
Crystal Pheulpin -
W. Aaron Poling -
Mark Nesselroad, Esq, MBA -
Black Diamond Realty
Presented by
646 (+/-) SF Office/Retail Suite Downtown | 54 E Franklin St
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